Macquarie plans to acquire HPPPL’s solar assets

Infrastructure asset management fund Macquarie Infrastructure and Real Assets, managed by Australia’s Macquarie Group, is in talks with Hindustan Power Projects Private Limited (HPPPL) to acquire 320 MW of its solar power assets for about Rs 19.4 trillion. The sale of these assets will help HPPPL reduce its debt obligations and fund the development of its pipeline of renewable energy projects.